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Springfield 01118 East Forest Park
48 Vail St
Photo of 48 Vail St
Sold on Mar 31, 2025

38

Map

Photo of 48 Vail St
Photo of 48 Vail St
$320,000
● House - Off Market

48 Vail St

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,430 Ft²
$2,011
Est. Monthly
6.20%
Cap Rate

About This Property

Charming Cape with Space to Call Home! Step into this delightful Cape-style home and discover the perfect blend of comfort and convenience! Featuring three generously sized bedrooms and 1.5 baths, this home offers plenty of room for everyone. The first floor boasts a spacious eat-in kitchen, perfect for gathering over meals, and a cozy living room designed for relaxation. Enjoy the ease of an attached garage and the added bonus of a partially finished basement, ideal for a home office, entertainment room, or extra storage. Out back, a good-sized yard awaits your personal touch-perfect for entertaining, gardening, or simply soaking up the outdoors. This home is a must-see-don't miss the chance to make it yours!
Unit Size
1,430 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$227
Property Type
House
Property Taxes
$415
HOA Dues
-
Year Built
1989

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73316255)

Price History

Date / Event Date Event Price
Mar 31, 2025 Sold
Premium
Sold
Feb 15, 2025 In contract -
In contract
Jan 17, 2025 Relisted $189,900
Relisted
Jan 6, 2025 In contract -
In contract
Dec 2, 2024 Listed $324,999
Listed
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,430
  • Gross Building Area: 1,430
  • Building Area: 1,430
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,430
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Springfield School District
  • School Tax School District: SPRINGFIELD SD
  • Census Tract: 802500

Zoning

  • Zoning: R1

Geography

  • Account Number: 117850009
  • Parcel: SPRI S:11785 P:0009
  • Municipality: SPRINGFIELD
  • Latitude: 42.0889
  • Longitude: -72.5363

    Address

  • Full Address: 48 Vail St
  • Address - House Number: 48
  • Address - Street Name: Vail
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C049
  • 4-Digit Zip Code: 2161
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $522,600

    Appraisal Valuation

  • Standard Deviation: 0.1983
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 322,452
  • High Value: 386,409
  • Low Value: 258,494

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $306,500
  • Assessed Land Value: $43,100
  • Assessed Improvements Value: $263,400

    Sales

  • Current Sale Recording Date: Feb 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9478
  • Previous Sale Recording Date: Feb 15, 1990
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About East Forest Park

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1540 ft²

Average Home Age

77.8 years

Currently For Sale

26 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73316255

Frequently Asked Questions

When was property at 48 Vail Street built and last sold?
The property at 48 Vail Street was built in 1989 and last sold on Jan 1, 1970 for $189,900.
How much is this home worth?
The estimated value of the home located at 48 Vail Street is $316,561.
What are some comparable homes to 48 Vail Street?
There are currently no comparable homes to 48 Vail Street.
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